Somany Ceramics September profit rises to Rs 41.56 crore

Somany Ceramics Limited reported consolidated net profit of Rs 41.56 crore for the quarter ended September 30, 2026, up from Rs 12.31 crore a year earlier, as revenue from operations increased 25.6% to Rs 860.65 crore despite a Rs 2.37 crore exceptional tax-settlement charge.

How did Somany Ceramics perform in the September 2026 quarter?

Somany Ceramics delivered higher revenue and profit in the quarter ended September 30, 2026. Consolidated revenue from operations rose to Rs 860.65 crore from Rs 685.16 crore in the September 2025 quarter and Rs 749.56 crore in the preceding quarter ended June 30, 2026. Total income was Rs 862.82 crore, compared with Rs 688.85 crore a year earlier.

Consolidated net profit was Rs 41.56 crore, against Rs 12.31 crore in the year-earlier quarter and Rs 34.23 crore in the June 2026 quarter. Profit attributable to owners was Rs 41.50 crore, while non-controlling interest accounted for Rs 0.06 crore of profit in the September 2026 quarter.

Profit before exceptional items and tax increased to Rs 62.48 crore from Rs 18.58 crore a year earlier and Rs 49.78 crore sequentially. Following the exceptional item, profit before tax was Rs 60.11 crore and tax expense was Rs 18.55 crore. Basic earnings per share, or EPS, was Rs 10.12, versus Rs 3.65 a year earlier; the company stated that EPS was not annualised.

What drove Somany Ceramics revenue growth and costs?

Somany Ceramics’ sales of goods increased by Rs 173.00 crore year on year to Rs 853.53 crore, accounting for most of the rise in operating revenue. Other operating income increased to Rs 7.12 crore from Rs 4.63 crore, while other income declined to Rs 2.17 crore from Rs 3.69 crore. The company reports one operating segment, Ceramic Tiles and Allied Products, under Indian Accounting Standard 108.

Power and fuel expense rose to Rs 177.47 crore from Rs 109.71 crore in the September 2025 quarter and Rs 146.50 crore in the June 2026 quarter. The year-on-year increase of Rs 67.76 crore in this cost line was larger than the Rs 40.82 crore increase in purchases of stock-in-trade.

Cost of materials consumed increased to Rs 181.82 crore from Rs 141.00 crore, while purchases of stock-in-trade rose to Rs 259.76 crore from Rs 210.34 crore. Employee benefits expense reached Rs 105.96 crore, compared with Rs 89.75 crore, and other expenses were Rs 89.13 crore against Rs 71.29 crore. Changes in inventories resulted in a Rs 53.21 crore credit, compared with a Rs 9.56 crore expense a year earlier.

How did the Haryana tax settlement affect Somany Ceramics profit?

Somany Ceramics recorded a Rs 2.37 crore exceptional item in the September 2026 quarter after opting for Haryana’s One Time Settlement Scheme for outstanding local-area tax dues. The company had contested the levy under the Haryana Local Area Development Tax Act, 2000, which was later replaced by the Haryana Tax on Entry of Goods into Local Areas Act, 2008.

The assessment was concluded in the quarter ended September 30, 2026, according to the filing. The exceptional charge reduced consolidated profit before tax to Rs 60.11 crore from Rs 62.48 crore before exceptional items. The filing does not quantify any further financial impact from the previously contested matter beyond the settlement recognised in the quarter.

For the six months ended September 30, 2026, profit before exceptional items and tax was Rs 112.26 crore, compared with Rs 29.97 crore in the corresponding prior-year period. Six-month consolidated net profit reached Rs 75.79 crore, versus Rs 19.66 crore a year earlier, with the entire Rs 2.37 crore exceptional item recognised in the September quarter.

What do Somany Ceramics cash flow and balance sheet show?

Somany Ceramics generated consolidated operating cash inflow of Rs 52.03 crore in the six months ended September 30, 2026, compared with Rs 102.79 crore in the corresponding 2025 period. Cash generated from operations was Rs 71.41 crore against Rs 117.58 crore, with inventories using Rs 65.01 crore and trade and other payables using Rs 53.78 crore before tax payments.

Investment in property, plant and equipment and intangible assets was Rs 72.87 crore in the first half, up from Rs 32.03 crore a year earlier. Consolidated investing cash outflow was Rs 63.81 crore, compared with Rs 38.74 crore, while financing activities resulted in an outflow of Rs 27.64 crore. Cash and cash equivalents declined to Rs 88.91 crore at September 30, 2026, from Rs 128.33 crore at March 31, 2026.

Consolidated total assets stood at Rs 2,059.14 crore at September 30, 2026, compared with Rs 2,011.26 crore at March 31, 2026. Inventories rose to Rs 417.28 crore from Rs 352.27 crore, while trade receivables declined to Rs 286.99 crore from Rs 300.76 crore. Non-current borrowings increased to Rs 154.54 crore from Rs 114.51 crore, whereas current borrowings decreased to Rs 122.88 crore from Rs 136.75 crore.

What corporate actions has Somany Ceramics approved?

Somany Ceramics’ board approved an interim dividend of Rs 6 per equity share with a face value of Rs 2 for financial year 2026-27 on November 4, 2026. The board approved the unaudited quarterly and half-yearly results on the same date, and the statutory auditor carried out a limited review of the statements.

The board also approved acquiring up to an additional 25% equity interest in Somany Sanitary Ware Private Limited in one or more tranches. The cash acquisition would raise Somany Ceramics’ holding from 51% to up to 76%, involving up to 24.75 lakh equity shares, with an indicative completion period of 120 days from the November 4, 2026 board meeting.

Somany Sanitary Ware Private Limited manufactures sanitaryware and allied products and reported turnover of Rs 49.82 crore in financial year 2025-26, Rs 47.92 crore in 2024-25 and Rs 49.58 crore in 2023-24. Somany Ceramics said the proposed acquisition is intended to strengthen its ownership and strategic control over the subsidiary. The acquisition price will be disclosed at the time of the transaction.

Conclusion

Somany Ceramics combined a Rs 175.49 crore year-on-year increase in operating revenue with a rise in consolidated net profit to Rs 41.56 crore in the September 2026 quarter. The increase occurred while power and fuel expense rose by Rs 67.76 crore year on year, and after the company recognised a Rs 2.37 crore Haryana tax-settlement charge as an exceptional item.

The next disclosed development is the planned acquisition of up to 25% additional equity in Somany Sanitary Ware Private Limited, which is intended for completion within 120 days of the November 4, 2026 board meeting. The filing leaves the transaction price to be announced at the time of acquisition and also discloses an approved Rs 6-per-share interim dividend for financial year 2026-27.